CLARITY’s stablecoin yield ban shifts bargaining power from Coinbase to Circle
Circle (CRCL) was hit far harder than Coinbase (COIN) in Tuesday’s sharp selloff due to the crypto bill CLARITY Act’s latest stance on stablecoin yield, but one analyst says the regulatory shift may ultimately favor the stablecoin issuer. Both names are seeing modest bounces on Wednesday, but remain solidly lower since the news leaked Monday…